6 Ways to Bounce Back After Ruining Your Credit

Last updated Feb 9, 2021 | By FinanceBuzz Editors

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Ruining your credit feels horrible. If you’ve made financial mistakes that have damaged your credit — maybe by missing a payment or over-leveraging a credit card — you might feel overwhelmed with how to fix the situation. 

Here's the good news: bouncing back after ruining your credit can be easier than it sounds. There are lots of tools that can help you get back on track quickly, like seeing if you can boost your credit score in real-time, or saving a bucketload on car insurance. 

Taking control of your finances today can make it easier to bounce back. Just imagine how you’ll feel once your finances are in order and your credit mistakes are a thing of the past!

See if you can raise your credit scores in real time

Your credit scores affect whether you can get approved for a loan, a credit card, or even a new job. Usually it can take weeks or months to improve your credit scores, but there's an innovative new feature that could help you raise your FICO® Scores1 instantly.

Experian Boost™ can help you get credit for making on-time payments for your phone and utility bills. The process takes just minutes and if qualifying payments are identified, you can include this positive information in your Experian credit file. (Don't worry: If you have any negative marks, those won't count against you.)

Since launching, Experian Boost has collectively increased FICO® Scores across America by over 10 million points. It's 100% free and new potential credit scores take effect immediately.

Sign up for Experian Boost now

Let us help you save a ton of money on car insurance

Car insurance can be expensive. It’s a good idea to make sure you're not overpaying on your current premium, but searching around the web for the best rates can take way too much time.

FinanceBuzz makes it easy to search and compare quotes for the best deal. It’s like Kayak, but for car insurance. We can help match you with national and regional insurance carriers that could help you save. It’s easy — just link your existing insurance to automatically see your savings. If you’d like to switch, we’ll help you 100% for free!

The best part? If your rate ever goes up, we’ll help you find a better deal. It only takes 30 seconds to get started. See if you can save today!

Click here to get started

Borrow up to $35k to finally crush your debt

If you're looking for a chunk of change to pay off debt, a personal loan could be a good option.

Our partner LoansUnder36 will match you with loan providers that fit your specific needs. Just fill out one application — there's no application fee and no minimum credit score to apply — to see multiple loan offers.2

Why not see if you qualify? If approved, you could receive your loan as soon as the next business day.

Get a loan offer here

Turn your $500 into $1,000 without even thinking about it

Wouldn't it be nice to double your savings? Having some extra money in your emergency fund is a good feeling.

If you need a little boost for your savings, consider Digit. It's like your smart financial assistant, dedicated to helping you achieve your financial goals. Just tell Digit what your goal is — maybe it's paying off credit card debt, saving for a vacation, or building that emergency fund — then let their sophisticated algorithms do the rest.

Digit will analyze your spending habits then automatically move the perfect amount to your secure Digit account. You'll start saving without even thinking about it or changing your lifestyle.

Digit has already helped its users save over $4 billion dollars!

Sign up for Digit here

Trim up to $720 from your bills with the budgeting app that does it all

Ever look at your bank account and wonder where your paycheck went? Poof, it's gone and you're not exactly sure where you spent it. A budgeting app like Truebill can help you take control of your money — spend intentionally on the things you value and stop throwing money away on unimportant things.

Once you have a complete picture of your finances, it's easy to see ways to save. And Truebill can help make those potential savings a reality. Their expert negotiators can call the cable company and phone company to help lower your bills. They'll also help you cancel unwanted subscriptions and put that money back in your bank account where it belongs.

Truebill has already helped save its members over $50,000,000 on their bills without much time and effort.

Download Truebill now

Boost your credit an estimated 53-187 points

If you want to buy a house, car, or make any other important purchase, it pays to have good credit. But what if you have damaging errors on your report, keeping your scores down? 

Credit help might be a good option to consider.

If you would like to fix your credit, and raise your score, The Credit People could help. They’re experts in credit help and know the laws and steps you need to take to improve your credit easily and efficiently.

Instead of charging wild fees, they keep their service simple — it costs just $79 per month — and they offer a 100% money-back guarantee. Most clients see results in less than 60 days, meaning your credit could go up an estimated 53-187 points in just two months.

Get a free consultation

Bonus: Build for your future - Get $10 to start investing

Taking steps to improve your credit can be a great way to build for future. Another great way: start investing. Even if you don't have a lot of money to invest, you don't have to let that stop you — you can start investing with $5 or less.

Stash was built to help beginner investors get started. You can buy fractional shares (partial shares) in companies that are household names like Apple, Google, Amazon, and more5. Normally a single share of these companies could cost hundreds or even thousands of dollars, but you only need as little as $5 to get started with Stash.

If you're thinking about saving for retirement, you can start investing in an IRA and enjoy the tax benefits that come with retirement accounts. Stash also offers tools and guidance to help you along the way and you can use the Stash app to track your investments from anywhere.

As a bonus, Stash will give you $10 to invest after you deposit $5 or more into your personal portfolio.3

Want even more tools and guidance? If you choose the Stash+ plan4 when signing up, you can earn 2x stock rewards when you spend on eligible purchases!6

Sign up for Stash now

Stash Benefits

  • Get $10 to make your first investment
  • Invest in stocks, bonds, and ETFs
  • Fractional shares available
  • Start investing with just $1